Categories: Industry

Concrete Admixtures Market Report 2023-2032: Market Share

The Concrete Admixtures Global Market Report 2023 by The Business Research Company, provides concrete admixtures market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Concrete Admixtures Global Market Report 2023, the market size grew from $14.79 billion in 2022 to $15.68 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global concrete admixtures is expected to grow to $18.82 billion in 2027 at a CAGR of 4.7%.

The increase in demand from the construction sector is expected to propel the growth of the concrete admixture market going forward. Construction activities have been on the rise due to rapid industrialization and urbanization. Concrete admixture enables the construction business to speed up the entire project by facilitating the establishment of climate-controlled facilities and enhancing specific properties of fresh or hardened concrete.

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The concrete admixtures market is segmented:

1) By Type: Water-Reducing Admixtures, Water-Proofing Admixtures, Accelerating Admixtures, Air-Entraining Agents, Retarding Admixtures, Other Types

2) By Application: Reinforced Concrete, Non-Reinforced Concrete

3) By End User: Commercial, Residential, Infrastructure, Industrial

Technological advancements have emerged as a key trend gaining popularity in the concrete admixture market. Remarkable advances in the technology of cement materials, mineral additions, and admixtures, combined with advancements in production methods, have resulted in a diverse range of high-performance concretes capable of providing cost-effective, environmentally sound solutions for the most demanding applications. Major companies operating in the market are focused on innovating new products to strengthen their market position. For instance, In June 2021, CEMEX, a Mexico-based company that manufactures and distributes cement, ready-mix concrete, launched “Vertua Ultra Zero” concrete using cutting-edge technology. This technology reduces its carbon footprint by reducing carbon footprint by 70%, neutralizing the remaining 30% through off-setting efforts. Vertua Ultra Zero concrete is a fundamental step in achieving 2050 goal of delivering net-zero CO2 concrete globally.

The concrete admixtures market report table of contents includes: